Over the past decade, zip code 75189 has experienced significant population growth, increasing from 22,148 in 2013 to 36,873 in 2022. This represents a growth rate of approximately 66.5%. During this same period, the median income has also increased, rising from $83,201 in 2013 to $99,879 in 2022, an increase of about 20%.

The racial composition of the zip code has become more diverse over the past decade. The white population decreased from 72% in 2013 to 62% in 2022, while the Hispanic population increased from 19% to 25%, and the Black population grew from 3% to 9% during the same period.

Despite this significant population growth and increasing diversity, there has been minimal expansion of LIHTC funded affordable housing in the zip code since 1992. The completion of Cypress Creek At Parker Creek North in 2017 did not add to the low-income unit inventory according to the available data.

Zip code 75189 has a small LIHTC funded affordable housing inventory relative to its estimated housing stock. The area has experienced substantial population growth and increasing diversity over the past decade, along with rising median incomes. Despite these demographic changes, there has been limited expansion of LIHTC funded affordable housing since the initial project in 1992. The existing affordable housing units are concentrated in one project, Regal Apts, which provides a mix of one-bedroom and two-bedroom units. This analysis highlights the need for continued monitoring of affordable housing needs in this rapidly growing area.